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Market Commentary - Foreign Markets
China Stocks settle mixed
07-Sep-2026, 06:01
The Shanghai Composite closed nearly unchanged at 3,932.7 on Monday, while the Shenzhen Component increased by 1.91% to 13,774.9, driven by strong gains in technology stocks. This rally followed a surge in US technology stocks, with excitement around OpenAI’s new AI model improving sentiment for chipmakers and AI firms. Notable gains were seen with Zhongji Innolight up 10.38% and Eoptolink Technology up 8.08%. Additionally, China announced CNY 300 billion ($45 billion) in new capital for banks and insurers to support lending amid slowing economic growth. Investors are awaiting important economic data later this week, including trade and inflation figures.
The Shanghai Composite closed nearly unchanged at 3,932.7 on Monday, while the Shenzhen Component increased by 1.91% to 13,774.9, driven by strong gains in technology stocks. This rally followed a surge in US technology stocks, with excitement around OpenAI’s new AI model improving sentiment for chipmakers and AI firms. Notable gains were seen with Zhongji Innolight up 10.38% and Eoptolink Technology up 8.08%. Additionally, China announced CNY 300 billion ($45 billion) in new capital for banks and insurers to support lending amid slowing economic growth. Investors are awaiting important economic data later this week, including trade and inflation figures.